The sun is shining, the grass is green, and the sky is the only thing bluer than the glistening water in cottage country. What does it mean? Not only has summer officially arrived, but so has the 2015 RE/MAX Recreational Property Report!
If you’ve ever questioned the popularity of cottages among Canadians, the 2015 RE/MAX Recreational Property Report will put your mind to ease.
According to the report, 68 per cent of Canadians would rather spend a long weekend at a cottage or cabin over a getaway in the city, and many would give up destination vacations and downsize their main residence in order to purchase a cottage, cabin, or ski chalet.
The report explains how the low Canadian dollar, oil prices, foreign buyers, and low interest rates have all impacted the recreational property market in Canada. Take a look at the full report to learn more about nine different markets throughout Canada and explore the 2015 RE/MAX Recreational Property Report’s data table to find median prices in popular recreational markets across Canada.
Contact us if you would like to learn more about investing in Cottage or Lifestyle properties in Ontario.